Importance of Performance Management Systems

Question

Instructions

As we have discussed, performance management systems are important in organizations. However, there are many performance management systems that organizations can use. 

For the purpose of this week’s Critical Thinking assignment, please do the following:

Explain the importance of performance management systems and what organizations must consider when selecting the best system.

Select three performance management systems and explain the following:

The benefits of each system

The drawbacks of each system

Then, explain what type of organizations would benefit from each of the performance management systems identified. For example, provide details about why performance management system X would be best in Organization X.